Friday, April 26

Almost fully booked: Hotels in Buenos Aires hit decade-high occupancy rates

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After the hard blow that Argentina’s hotel industry suffered during the first 24 months of the Covid-19 pandemic, 2022 ended with a resounding turnaround.

According to a new report by the capital’s Entur tourism body, “last year ended with very positive signs for the hotel industry, with more domestic tourists than in 2019 and an average [room]occupancy rate of 60 percent,” rising to “peaks of over 90 percent” – the highest figure from the last decade. In economic terms, the contribution was significant as the industry had a turnover of almost US$1.8 billion for the year.

The report, issued by the Ente de Turismo de Buenos Aires (“Buenos Aires Tourism Board”), states that when it comes to tourism, the city is “on the road to recovery.” According to Lucas Delfino, the body’s president, average occupancy last year was 60 percent, surpassing the historical records of 2017, 2018 (which reached 59 percent) and the last figure recorded in the pre-pandemic period (58 percent in 2019). Underlining the rise in locals travelling to the capital, 2.4 million domestic tourists stayed in hotels in Buenos Aires City, 60,000 more than in 2019.

Source: https://batimes.com.ar/news/economy/almost-fully-booked-hotels-in-buenos-aires-hit-decade-high-occupancy-rates.phtml

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